1230 Irolo Street 7 Los Angeles, CA ^$ 3,200,000

1230 Irolo Street 7

^$ 3,200,000

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Recently Listed

1230 Irolo Street 7

Los Angeles, CA, 90006

^$ 3,200,000

Bedrooms15 Baths1.0 Sq 7,430

Monthly Estimate*

^$ 22,102

Listed by Yun Young Kwag, New Star Realty, yunyoungkwag@gmail.com

1230 Irolo Street 7, Los Angeles, CA 90006 - Image 1

Multi-Family Home for sale in Los Angeles, CA

for $3,200,000 with 15 bedrooms and 1 full bath. This 7,430 square foot home was built in 1903 on a lot size of 0.2716.

Rare 7-unit multifamily on two adjacent parcels in central Los Angeles (Pico-Union, adjacent to Koreatown) sold together, APNs 5078-036-018 & -019. Four 1bd/1ba units in the front building plus three family-sized units at the rear: a 3bd/2ba house, a permitted 4bd/2ba detached ADU (approx. 1,240 SF, Certificate of Occupancy issued 2022), and a remodeled 3bd/2ba house. Approx. 7,430 SF of living area across four structures dating to 1895, 1903, and 1915. Strong in-place income $18,838/mo base rent plus water reimbursement and parking income ($232,056/yr gross), est. NOI $199,368/yr, a 6.2% cap at asking. All seven units occupied; four recently remodeled. Confirmed TOC Tier 2 eligibility supports a preliminary redevelopment scenario of up to 23 units income today, density optionality tomorrow. Subject to LA City Rent Stabilization Ordinance. Buyer to verify all information including rents, expenses, unit details, and RSO compliance.

Multi-Family Active

Price

^$ 3,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2716

Year Built

1903

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26104463

Days on Market

Features

General

Living Area 7430

Heating Wall Furnace

Appliances Microwave

Zoning LAR3

Year Built 1903

Stories Count 2

Levels Two

Unit Number 7

Gross Income 232056

County Los Angeles

Net Operating Income 199368

New Construction false

Property Type Residential Income

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions From W Pico Blvd head south on S Irolo St property on the west side between Pico Blvd and W 12th St.

City Los Angeles

Senior Community Y/N false

Open Parking Spaces 7

Number Of Units Total 7

MLS Area C17 - Mid-Wilshire

Lot Size Units Square Feet

Lot Size Square Feet 11831

Standard Status Active

Cap Rate 6.2

Interior

Interior Amenities Ceiling Fan(s)

Total Stories 2

Heating Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 15

Total Baths 10

Exterior

Parking Features Assigned Driveway

Total Parking 7

Lot Size Area 11831

Number of Buildings 4

Building Area Total 7430

Lot Dimensions 46x128

Lot Size Acres 0.2716

Lot Size Source Assessor

* Excluded Features

List By

Yun Young Kwag

Listing Agent

New Star Realty

Broker

yunyoungkwag@gmail.com

Affordability Calculator

$22,102

Per Month

Monthly Principal & Interest: $22,102
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,922,722

Percent of Sale Price 40%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

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Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
10/25/2026	$3,200,000		Listed Price

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1230 Irolo Street 7, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $3,200,000 with 7,430 sqft and a lot size of 0.2716. 1230 Irolo Street 7 has 15 bedrooms, 1.0 baths, and was built in 1903. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/26/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1230 Irolo Street 7

Multi-Family Home for sale in Los Angeles, CA

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